This week, Eric Forney and Greg Fowler talk all about P&L statements and their importance to businesses. They discuss how cash flow is crucial for survival, but P&Ls are like a report card for past work, emphasizing that entrepreneurs often focus too much on P&Ls and overlook cash flow. They also highlight common mistakes in real estate businesses, such as treating the business as a job or not differentiating revenue generated by the sales team from revenue generated by the owner/leader. They also discuss the pitfalls of excess capacity, paying to fix the wrong problems, and many more business roadblocks that can be caught with P&Ls.